Simple Interest MCQs

Maths

Simple Interest MCQs

Practice Simple Interest MCQs with answers and detailed solutions. Learn interest calculation, principal, rate of interest, time period, amount, installment-based questions, and real exam-level quantitative aptitude problems frequently asked in SSC, Railway, Banking, UPSC, JKSSB, Police, Defence, Teaching and other competitive exams.

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Page 28 of 55
Question #541
Simple interest on Rs. 477000 for 2 years at 18% per annum is
A. Rs. 171520
B. Rs. 171720
C. Rs. 172120
D. Rs. 171920
Discuss
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Correct Answer: Option B

Explanation:
SI = (477000 × 18 × 2)/100 = 171720.
This question belongs to: Maths Simple Interest
Question #542
The principal that gives Rs. 151200 interest in 6 years at 7% SI is
A. Rs. 361000
B. Rs. 359000
C. Rs. 360000
D. Rs. 358000
Discuss
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Correct Answer: Option C

Explanation:
P = (151200 × 100)/(7 × 6) = 360000.
This question belongs to: Maths Simple Interest
Question #543
In how many years will Rs. 486000 amount to Rs. 680400 at 8% simple interest?
A. 4 years
B. 6 years
C. 5 years
D. 7 years
Discuss
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Correct Answer: Option C

Explanation:
SI = 194400. T = (194400 × 100)/(486000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #544
A sum of Rs. 495000 amounts to Rs. 693000 in 4 years at simple interest. The rate is
A. 10%
B. 8%
C. 9%
D. 12%
Discuss
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Correct Answer: Option A

Explanation:
SI = 198000. R = (198000 × 100)/(495000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #545
Simple interest on Rs. 504000 for 3 years at 16% per annum is
A. Rs. 241720
B. Rs. 241920
C. Rs. 242120
D. Rs. 242320
Discuss
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Correct Answer: Option B

Explanation:
SI = (504000 × 16 × 3)/100 = 241920.
This question belongs to: Maths Simple Interest
Question #546
The rate at which Rs. 513000 amounts to Rs. 666900 in 3 years is
A. 9%
B. 8%
C. 12%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 153900. R = (153900 × 100)/(513000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #547
Simple interest on Rs. 522000 for 2 years at 19% per annum is
A. Rs. 198360
B. Rs. 198160
C. Rs. 198760
D. Rs. 198560
Discuss
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Correct Answer: Option A

Explanation:
SI = (522000 × 19 × 2)/100 = 198360.
This question belongs to: Maths Simple Interest
Question #548
The principal that gives Rs. 176400 interest in 7 years at 8% SI is
A. Rs. 315000
B. Rs. 314000
C. Rs. 316000
D. Rs. 313000
Discuss
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Correct Answer: Option A

Explanation:
P = (176400 × 100)/(8 × 7) = 315000.
This question belongs to: Maths Simple Interest
Question #549
A sum of Rs. 540000 amounts to Rs. 756000 in 4 years at simple interest. The rate is
A. 10%
B. 12%
C. 9%
D. 8%
Discuss
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Correct Answer: Option A

Explanation:
SI = 216000. R = (216000 × 100)/(540000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #550
Simple interest on Rs. 549000 for 3 years at 17% per annum is
A. Rs. 279990
B. Rs. 280390
C. Rs. 279790
D. Rs. 280190
Discuss
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Correct Answer: Option A

Explanation:
SI = (549000 × 17 × 3)/100 = 279990.
This question belongs to: Maths Simple Interest
Question #551
Simple interest on Rs. 567000 for 2 years at 20% per annum is
A. Rs. 227200
B. Rs. 227000
C. Rs. 226600
D. Rs. 226800
Discuss
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Correct Answer: Option D

Explanation:
SI = (567000 × 20 × 2)/100 = 226800.
This question belongs to: Maths Simple Interest
Question #552
The principal that gives Rs. 201600 interest in 6 years at 7% SI is
A. Rs. 479000
B. Rs. 478000
C. Rs. 481000
D. Rs. 480000
Discuss
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Correct Answer: Option D

Explanation:
P = (201600 × 100)/(7 × 6) = 480000.
This question belongs to: Maths Simple Interest
Question #553
In how many years will Rs. 576000 amount to Rs. 806400 at 8% simple interest?
A. 5 years
B. 7 years
C. 4 years
D. 6 years
Discuss
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Correct Answer: Option A

Explanation:
SI = 230400. T = (230400 × 100)/(576000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #554
A sum of Rs. 585000 amounts to Rs. 819000 in 4 years at simple interest. The rate is
A. 12%
B. 10%
C. 9%
D. 8%
Discuss
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Correct Answer: Option B

Explanation:
SI = 234000. R = (234000 × 100)/(585000 × 4) = 10%.
This question belongs to: Maths Simple Interest
Question #555
Simple interest on Rs. 594000 for 3 years at 18% per annum is
A. Rs. 320560
B. Rs. 321160
C. Rs. 320960
D. Rs. 320760
Discuss
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Correct Answer: Option D

Explanation:
SI = (594000 × 18 × 3)/100 = 320760.
This question belongs to: Maths Simple Interest
Question #556
The rate at which Rs. 603000 amounts to Rs. 783900 in 3 years is
A. 12%
B. 8%
C. 9%
D. 10%
Discuss
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Correct Answer: Option D

Explanation:
SI = 180900. R = (180900 × 100)/(603000 × 3) = 10%.
This question belongs to: Maths Simple Interest
Question #557
Simple interest on Rs. 612000 for 2 years at 21% per annum is
A. Rs. 257240
B. Rs. 257040
C. Rs. 256840
D. Rs. 257440
Discuss
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Correct Answer: Option B

Explanation:
SI = (612000 × 21 × 2)/100 = 257040.
This question belongs to: Maths Simple Interest
Question #558
The principal that gives Rs. 226800 interest in 7 years at 8% SI is
A. Rs. 403000
B. Rs. 404000
C. Rs. 405000
D. Rs. 406000
Discuss
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Correct Answer: Option C

Explanation:
P = (226800 × 100)/(8 × 7) = 405000.
This question belongs to: Maths Simple Interest
Question #559
In how many years will Rs. 621000 amount to Rs. 869400 at 8% simple interest?
A. 6 years
B. 4 years
C. 7 years
D. 5 years
Discuss
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Correct Answer: Option D

Explanation:
SI = 248400. T = (248400 × 100)/(621000 × 8) = 5 years.
This question belongs to: Maths Simple Interest
Question #560
A sum of Rs. 630000 amounts to Rs. 882000 in 4 years at simple interest. The rate is
A. 9%
B. 12%
C. 10%
D. 8%
Discuss
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Correct Answer: Option C

Explanation:
SI = 252000. R = (252000 × 100)/(630000 × 4) = 10%.
This question belongs to: Maths Simple Interest

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